Sterling Construction (STRL) Downgraded by ValuEngine to Sell

ValuEngine lowered shares of Sterling Construction (NASDAQ:STRL) from a hold rating to a sell rating in a research note released on Wednesday, ValuEngine reports.

STRL has been the subject of several other reports. Zacks Investment Research cut Sterling Construction from a hold rating to a sell rating in a report on Friday, March 8th. BidaskClub cut Sterling Construction from a buy rating to a hold rating in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Sterling Construction currently has an average rating of Hold and a consensus target price of $17.50.

Shares of NASDAQ STRL opened at $12.19 on Wednesday. The firm has a market capitalization of $322.06 million, a price-to-earnings ratio of 13.11, a P/E/G ratio of 0.98 and a beta of 1.05. The company has a quick ratio of 1.67, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. Sterling Construction has a fifty-two week low of $9.71 and a fifty-two week high of $16.07.

Sterling Construction (NASDAQ:STRL) last announced its quarterly earnings data on Monday, May 6th. The construction company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.06). The company had revenue of $223.90 million during the quarter, compared to analyst estimates of $225.85 million. Sterling Construction had a net margin of 2.36% and a return on equity of 14.67%. Sterling Construction’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. As a group, equities research analysts forecast that Sterling Construction will post 1.13 EPS for the current fiscal year.

In related news, Director Roger A. Cregg acquired 10,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was purchased at an average cost of $11.94 per share, with a total value of $119,400.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Pacific Ridge Capital Partners LLC increased its stake in shares of Sterling Construction by 13.7% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 323,098 shares of the construction company’s stock valued at $4,045,000 after purchasing an additional 38,952 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Sterling Construction in the 1st quarter valued at $249,000. NumerixS Investment Technologies Inc increased its stake in shares of Sterling Construction by 333.3% in the 1st quarter. NumerixS Investment Technologies Inc now owns 5,200 shares of the construction company’s stock valued at $66,000 after purchasing an additional 4,000 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Sterling Construction by 1,815.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 203,235 shares of the construction company’s stock valued at $2,545,000 after purchasing an additional 192,624 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Sterling Construction by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,664,735 shares of the construction company’s stock valued at $20,843,000 after purchasing an additional 29,838 shares during the last quarter. Institutional investors own 80.48% of the company’s stock.

Sterling Construction Company Profile

Sterling Construction Company, Inc, together with its subsidiaries, operates as a heavy civil and residential construction company in Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah, and other states in the United States. The company's Heavy Civil Construction segment undertakes heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems, foundations for multi-family homes, commercial concrete projects, and parking structures.

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